As a new kid in the cryptocurrency world, we often have our share of first mistakes in trading which helps us to be able to become better and wiser in the next transactions. What are these usual or common mistakes that newbies commit?
Newbies goes for trading which can guve them profits in short term as they have rarely any interest for long term. Also they do forget to really study the phenomenons affecting the market price of the coins they are investing into and also do not much concentrate onto the daily volume, buy/sell orders, etc and this creates some problems for them ahead.
What i have seen the most is that newbies rarely hold their coins and also do some panic sell which gives them none profit and also makes the coin unstable. Newbies should have some patience before getting into trading because patience can really affect your profit rates.